Why Is the Price of XRP Dropping Today?

The price of XRP is dropping today, and there are several reasons behind it. Let’s take a closer look at what’s happening and why.

What’s Happening with XRP’s Price?

Over the last few months, the price of XRP has been decreasing. There’s a concept known as bearish divergence, which means that even though the price went up for some time, there wasn’t enough buying support behind that rise. This weak trend is still affecting the price.

Currently, XRP is moving within a downward channel, which means the price is consistently falling. Of course, there have been occasional small price increases, but the overall trend remains negative.

The key price levels to watch are the resistance levels, where the price might struggle to move higher, and the support levels, where the price might stop falling or bounce back up. To reverse the downward trend, XRP would need to break above these resistance levels and show stronger signs of upward movement.

Resistance: $2.33 – $2.35, $2.45 – $2.50, and $2.60.

Support: $2.16, $2.05, and $1.80.

What Happened with Ripple Unlocking XRP?

On May 3, 2025, Whale Alert, a tool that tracks large blockchain transactions, spotted a big move: Ripple unlocked a massive 1 billion XRP, which is being reported as around $2.2 billion. This was unusual because usually, the company releases 1 billion XRP on the 1st of every month, but this time, the release happened two days late.

The unlocked XRP was broken down into three large amounts: 500 million XRP, which is being reported as around $1.1 billion, 300 million XRP, which is being reported as around $660 million, and 200 million XRP, which is being reported as around $440 million.

While this isn’t the first time that Ripple has unlocked XRP—and it likely won’t be the last—the delay had some observing the move closely. When large amounts of XRP are released into the market, it increases the total supply, which can sometimes cause the price to fall.